BI highlighted as commercial flood risk issue
A survey by parametric provider FloodFlash saw 71% of brokers say they have had to handle flood incidents for clients.
The FloodFlash Commercial Risk Report has found that business interruption is a key issue when it comes to flood risk.
One in four broker clients, who have flooded in the last 10 years, revealed that they experienced a prolonged period of business interruption. Despite that, only 42% of those surveyed revealed that they have business interruption cover in place.
FloodFlash commercial director Brent Jackson said: “It’s so important that British businesses and their brokers understand the risks
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